MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, July 14, 2008 Four Fund Firms Could Lose as Much as $4 Billion on Fannie, Freddie Troubles Wondering which fund firms will lose the most due to Freddie and Fannie's troubles? Reuters names the fund groups that have the largest stake in one or both of the companies. Based on the the fund group's most recent disclosure figures, the wire service says that Capital Group, AllianceBernstein, Fidelity and Legg Mason may have seen as much as a $4 billion decline in value from holdings in Freddie and Fannie in the past week. The MFWire reported last Friday that Legg's legendary Bill Miller has been one of the hardest hit by Fannie and Freddie's troubles. His Value Trust fund has lost more than 40 percent this year thanks in part to losing bets on the two companies. (see "Legg Mason's Miller is in Last Place. Can He Come Back?", MFWire 07.11.08) Printed from: MFWire.com/story.asp?s=18797 Copyright 2008, InvestmentWires, Inc. All Rights Reserved |